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20130101
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hit a major setback today. joining us is oklahoma congressman tom cole. what are you hearing? are you hopeful that there is a deal today? >> i am probably the last optimist in washington. all the parties that can make a deal are in town. that is a step in the right direction. there is very serious negotiations going on now between senator mcconnell and leader reed. they have found common ground. i wouldn't be surprised that there are bumps along the way but the senate will get something done and it moves to the house. and what senate would be extraordinary important. >> until now it appeared negotiations centered around a small deal that would likely extend bush tax cuts for all but high earners and extend unemployment benefits for people set to lose them on january 2 and prevent the alternative minimum tax. should republicans wait until next year to negotiate a larger deal that could include changes to entitlements. >> there are areas of agreement here which would take care so the american people aren't worried about things. the real issue is exactly what the speaker suggested. the p
be fairly soon after that, because again, the reason why smart people like tom cole and bob corker and john cornen have said we ought to give on the tax cuts of people under 250,000 is they know that's where the thing is going to end up unless they cut some deal and bring their caucus along on some higher threshold. the president offered 400,000. they could get that. they could probably get 500,000. >> go ahead, bob. >> i was going to say now is the time when we really find out whether republican leadership is an oxymoron. we not only have to rely on john boehner having enough leadership and guts and gumption to put something on the floor his republicans are not going to vote for, but we also have to agree to go through with a bill before the senate that is basically what the president wants so it can put pressure on the republicans and the house. >> he did it in 2011 on the debt limit. >> yes, that's right. that's what people are hoping for. >> there's something fascinating to all of this. ben bernanke gave this situation the name fiscal cliff which sounds very dramatic and very scary. but
Search Results 0 to 2 of about 3 (some duplicates have been removed)